Courses 2015 - 2016

LAW T 505 Introduction To Income Taxation

Credits: 2

This course introduces fundamental concepts in federal income taxation including the definition of income, the computation of tax liability, exclusions from income, basis, deductions available for individuals in computing taxable income, and assignment of income. The course will also present brief overviews of concepts explored in more detail in other courses, including capital gains and losses and timing issues. Enrollment in this course is limited to LL.M. students who have completed no prior course work in federal income taxation in the past five academic years and have no professional tax experience.